What is the current situation of gas shortage in 2017? Solution 2018 significantly increases natural gas imports

2017China's coal to gas conversion efforts are significant，Large baseCausing winter in our countrynatural gasThe serious imbalance between supply and demand once caused gas shortages,Natural gas prices remain high.2018natural gasDemand expansion or impact,natural gasUrgent need for improvement,natural gasThe proportion of imports is expected to further expand. Different measures have been taken in response to this phenomenon to improve the natural gas shortage situation in 2018, such as:Hebei region has announced that in principle, there will be no new rural areas added in 2018Coal to gas conversionandCoal fired boilers converted to gas.

In the winter of 2017, although PetroChina coordinated with all parties to increase pipeline gas supply to ensure supply, pipeline gas imports were limited by pipeline construction, resulting in limited import growth. And liquefactionnatural gasLNG is flexible in operation and easy to allocate, making it a popular choice in China during the winter of 2017natural gasThe main supply force in the market. According to industry experts, 16.33% of imported LNG enters the Chinese market through Shenzhen Customs. In the future, with the operation of CNOOC's Guangdong East and Guanghui Qidong projects, the import volume of LNG in East and South China will increase again. At the same time, the demand for heating in North China increases during winter, and the import volume of various receiving stations in North China through Qingdao Customs and Shijiazhuang Customs gradually increases.

The CNOOC Guangdong East LNG receiving station project with an annual capacity of 2 million tons and the Guanghui Qidong Phase I LNG receiving station project with an annual capacity of 600000 tons were put into operation in 2017. A total of 18 LNG receiving stations were put into operation in China, with an annual transfer capacity of 51.8 million tons and a utilization rate of 73.91% in 2017. Due to the limited overall natural gas production in our country, the growth rate of production is slower than the growth rate of consumption, therefore it is necessary to importnatural gasTo supplement the demand gap for natural gas consumption in our country. In 2017, Chinanatural gasThe production is 106 million tons, the total consumption is 173 million tons, and the external dependence is 39%.

According to statistics recently released by the General Administration of Customs of China, for the whole year of 2017, Chinanatural gasImported 68.57 million tons, an increase of 26.9% compared to 2016; The import amount was 157.393 billion yuan, an increase of 44.5% compared to 2016.

It is reported that in 2019, the China Russia Eastern Routenatural gasThe connection of pipelines will greatly increase the import volume of gaseous natural gas. At that time, the Central Asia, China Myanmar, and China Russia natural gas pipelines will supply natural gas to China from the northwest, southwest, and southeast respectively, increasing China's natural gas import channels. At the end of 2017, the Yamal LNG project, a Sino Russian cooperation project, put into operation * production lines. By 2019, after the completion of the Yamal LNG project, the three production lines of the project will stably supply 4 million tons of LNG to China every year. The Yamal project not only brings new opportunities but alsonatural gasSuppliers have opened up new channels for China's LNG imports, and the successive production of LNG projects in Australia and the United States will also provide favorable conditions for China's LNG imports.

With the continuous acceleration of China's energy transformation, China is increasingly concerned about relatively inexpensive overseas resourcesnatural gasThe demand for resources is increasing day by day. It is expected that in the next five years, with the rapid growth of downstream natural gas consumption in China and the need to improve domestic supply, the proportion of imported natural gas will gradually increase.”natural gas（LNG）Analysts say that by 2022, China will importnatural gasThe total amount may reach 124 million tons, which is 1.52 times the import volume in 2017, with a 5-year compound growth rate of 7.78%.